For the year, Jamba delivered on all its targets and strategic
objectives for strengthening the business model, recording its first
year of net income since becoming a public company with an $8.6 million
swing in year over year profitability and a second consecutive year of
comparable store sales gains for Company-owned stores, attaining 5.1% in
fiscal year 2012. Along with the core Jamba business, three key areas
showed solid gains in becoming growth drivers for the future – Jamba
branded consumer products, the JambaGO express business and
international expansion.

For the quarter, Jamba recorded a system-wide comparable store sales
increase and significant revenue growth for the portfolio of
Jamba-branded CPG products. In addition, Jamba opened 23
franchise-operated stores in the U.S. and international markets and
announced plans for adding up to 125 stores in California over the next
several years.

“Jamba achieved significant growth and record accomplishments in fiscal
2012 and we look forward to the momentum continuing in 2013. Our annual
net income, Jamba’s first since the Company became public, signals that
we have a business model designed for accelerated, sustained profitable
growth. Our new BLEND Plan 3.0, introduced earlier this year, will
broaden and strengthen our efforts to become a globally recognized $1
billion globally recognized, healthy active lifestyle brand by 2015,”
said James D. White, chairman, president and CEO of Jamba, Inc.

“We expect our growth will come on several fronts including our core
business that will have an innovative, extended beverage and food
portfolio across all day parts; an expanded retail footprint with new
concepts, formats and markets; increased growth for Jamba-branded CPG
products; and global expansion for both retail stores and CPG products,”
Mr. White said. “And we will continue to relentlessly pursue new ways to
reduce costs, increase engagement throughout our organization and drive
productivity.”

Highlights for the 52 weeks ended January 1, 2013, compared to the 53
weeks ended January 3, 2012:

Net income was $0.3 million compared to a net loss of $(8.3) million
for the prior year. It marks the first time Jamba has recorded annual
net income since becoming a public company.

Company-owned comparable store sales(1) increased 5.1% for
the year compared to the prior year, reflecting a second consecutive
fiscal year comparable store sales growth.

Both system-wide and franchise-operated comparable store sales(1)
increased 5.1% for the year compared to the prior year.

Total revenue for the year increased 1.0% to $228.8 million from
$226.4 million for the prior year, primarily due to the 5.1% increase
in Company-owned comparable store sales(1), an increase in
franchise revenues and increased CPG branded product revenues,
partially offset by customer value-price promotions and the
approximately $3.6 million effect of 52 weeks in fiscal 2012 compared
to 53 weeks in fiscal 2011.

General and administrative expenses were $40.8 million for the year
compared to $37.8 million for the prior year. On a non-GAAP adjusted
basis, general and administrative expenses for the year were $32.2
million compared to $32.1 for the prior year. (3)

29 new franchise-operated stores opened in the U.S., net, during the
year.

Jamba’s international franchise operators opened 16 stores, net,
during the year.

Highlights for the 13 weeks ended January 1, 2013, compared to the 13
weeks ended January 3, 2012:

Net loss was $(6.9) million compared to a net loss of $(9.8) million
for the prior year period.

System-wide comparable store sales(1) increased 0.6% for
the quarter compared to the prior year period. Franchise-operated
comparable store sales(1) increased 2.3% for the quarter
compared to the prior year period. Company-owned comparable store sales(1)
decreased 1.2% for the quarter compared to the prior year period.

Total revenue for the fourth quarter was essentially flat at $44.2
million compared to the $44.3 million in the prior year period,
primarily due to increased franchise revenues related to the increase
in franchise-operated comparable store sales(1) and the
opening of an additional 45 domestic and international
franchise-operated stores, net, from the prior year offsetting the
decrease in Company-owned store sales(1).

Jamba’s non-GAAP adjusted operating profit(2) increased
$0.2 million to $5.6 million from prior year period, reflecting
increased franchise revenues related to franchise-operated comparable
store sales growth and the addition of 45 domestic and international
franchise-operated stores, net, from the prior year and the impact of
the ongoing cost savings initiatives. Non-GAAP adjusted operating
profit margin(2) also increased by 50 basis points from the
prior year period.

General and administrative expenses for the quarter decreased $0.3
million to $11.6 million from $11.9 million for the prior year period.
On a non-GAAP adjusted basis, general and administrative expenses for
the quarter were $8.3 million compared to $8.4 million for the prior
year period. (3)

19 new franchise-operated stores opened in the U.S., net, during the
quarter. Jamba announced plans for new stores in 100 trade areas and
25 mall locations throughout California to be opened by the Company
and franchisees. Jamba’s international franchisees opened two stores,
net, during the quarter.

Results for Fiscal Year 2012

Revenue

For the fiscal year ended January 1, 2013, total revenue increased 1.0%
to $228.8 million from $226.4 million in the prior year. The increase is
primarily due to the 5.1% increase in Company-owned comparable store
sales(1) and increased CPG revenues, partially offset by $6.8
million increase in customer value-price promotions and the
approximately $3.6 million effect of 52 weeks in fiscal 2012 compared to
53 weeks in fiscal 2011. The increase in Company-owned comparable store
sales(1) of 5.1% was driven primarily by an increase in
transaction count of 250 basis points and an average check increase of
260 basis points. During fiscal year ended January 1, 2013,
franchise-operated comparable store sales(1) increased 5.1%.
Franchise and other revenue increased 17.8% to $13.7 million from $11.6
million in the prior year. Jamba’s CPG revenue was $2.1 million in
fiscal 2012, compared to $1.1 million in the prior year.

Jamba’s non-GAAP adjusted operating profit(2) increased $7.3
million to $52.4 million for fiscal 2012, reflecting Company-owned store
comparable sales growth and the impact of the Company’s cost savings
initiatives. Non-GAAP adjusted operating profit margin(2)
increased by 300 basis points to 22.9% for fiscal 2012 as compared to
the prior year, primarily as a result of improved leverage of its fixed
costs resulting from the positive Company-owned comparable store sales
increase.

General and Administrative (G&A) Expense

The general and administrative expense increase of $3.0 million from the
prior year primarily resulted from the grant of increased amounts of
performance and stock based compensation and the Company’s accelerated
investments in growth initiatives during fiscal 2012, including JambaGO,
the Talbott Teas business and research on development concepts. The
increase was partially offset by the approximately $0.5 million effect
of 52 weeks in fiscal 2012 compared to 53 weeks in fiscal 2011. On a
non-GAAP adjusted basis(3), excluding these factors, G&A
increased $0.1 million.

Fourth Quarter Fiscal 2012 Results

Revenue

For the fourth quarter ended January 1, 2013, total revenue was
essentially flat at $44.2 million compared to the $44.3 million in the
prior year period. The slight decrease in Company-owned comparable store
sales(1) was offset by the increase in franchise revenues
relating to the 2.3% increase in franchise-operated comparable store
sales(1) and the opening of 45 additional domestic and
international franchise-operated stores, net, from the prior year and a
200% increase in CPG revenue. Jamba’s CPG revenue was $0.8 million in
the fourth quarter of 2012, compared to $0.3 million in the prior year
period. Franchise and other revenue increased 24.5% to $3.4 million from
$2.8 million in the prior year period. In the fourth quarter of 2012,
the system-wide comparable store sales(1) increase of 0.6%
was driven primarily by an increase in average check of 460 basis
points, partially offset by a decrease in transaction count of 400 basis
points.

Jamba’s non-GAAP adjusted operating profit(2) increased $0.2
million to $5.6 million from the fourth quarter of 2011 reflecting
increased franchise revenues relating to franchise-operated comparable
store sales(1) growth and the addition of 45 domestic and
international franchise-operated stores, net, from the prior year and
impact of the Company’s cost savings initiatives. Non-GAAP adjusted
operating profit margin(2) increased by 50 basis points to
12.7% for the fourth quarter of 2012 compared to 12.2% in the prior year
period, primarily as a result of continuing improvement in store labor
efficiencies.

General and Administrative (G&A) Expense

General and administrative expense decreased from $11.9 million to $11.6
million from the fourth quarter of fiscal 2011. The decrease primarily
resulted from the decrease in performance-based compensation and
litigation settlement and fees, partially offset by accelerated
investment in growth initiatives during the fourth quarter of 2012. On a
non-GAAP adjusted basis (3), excluding these factors, G&A
decreased $0.2 million.

Retail Growth

As of January 1, 2013, system-wide, Jamba has 774 stores in the United
States, of which 473 are franchise-operated stores and 301 are
Company-owned. Franchise-operated stores include 14 Jamba Smoothie
Stations™, the new limited menu express format. During the quarter,
Jamba opened 20 new domestic franchise-operated stores, four traditional
and 16 non-traditional, and three international store locations, two in
the Philippines and one in South Korea. One new Company-owned store
opened. As of January 1, 2013, there were 35 international store
locations, all of which are franchise-operated. During the fourth
quarter, the total number of JambaGO served locations increased to 404
from 35 in the prior year fourth quarter.

Change in the Fiscal Quarter

Effective for Fiscal 2012, which began on January 4, 2012, the Company
changed the end of its fiscal quarters. Each quarter now has 13 weeks,
resulting in a 12 period fiscal year. Prior to fiscal 2012, the first
quarter had 16 weeks and the three subsequent quarters had 12 weeks. The
Company’s year-end continues to be the Tuesday closest to December 31.

Liquidity

On January 1, 2013, the Company held $31.5 million in cash and cash
equivalents compared to $19.6 million cash and cash equivalents at
January 3, 2012. On January 1, 2013, the Company had a restricted cash
balance of $0.2 million compared to $1.4 million at the end of fiscal
2011.

Outlook for 2013

The Company continues to expect to achieve the following results for
fiscal 2013:

A conference call to review the fourth quarter and full year 2012
results will be held today, March 5, 2013 at 5:00 p.m. ET. The
conference call can be accessed live over the phone by dialing (877)
941-4774 or for international callers by dialing (480) 629-9760. A
replay will be available at 8:00 p.m. ET and can be accessed by dialing
(877) 870-5176 or (858) 384-5517 for international callers; the pin
number is 4602860. The replay will be available until March 26, 2013.
The call can be accessed from the Company’s website at www.jambajuice.com
under the Corporate Investor Relations section or directly at http://ir.jambajuice.com.

About Jamba, Inc.

Jamba, Inc., (the “Company”) owns and franchises Jamba Juice stores
through its wholly-owned subsidiary, Jamba Juice Company. Jamba Juice
Company is a leading restaurant retailer of better-for-you, specialty
beverage and food offerings, which include great tasting, whole fruit
smoothies, fresh squeezed juices and juice blends, hot coffee and teas,
hot oatmeal, breakfast wraps, sandwiches and mini-wraps, California
Flatbreads™, frozen yogurt, and a variety of baked goods and snacks. As
of January 1, 2013, there were 809 store locations globally. There were
301 Company-owned and operated stores and 473 franchise-operated stores
in the United States, and 35 international stores. Jamba Juice Company
has expanded the Jamba brand by direct selling of consumer packaged
goods (“CPG”) and licensing its trademark. CPG products for at-home
enjoyment are also available online, through select retailers across the
nation and in Jamba outlets in the United States.

Fans of Jamba Juice can find out more about Jamba Juice's locations as
well as specific offerings and promotions by visiting the Jamba Juice
website at www.JambaJuice.com or
by contacting Jamba’s Guest Services team at 1-866-4R-FRUIT (473-7848).

Forward-Looking Statements

This press release (including information incorporated or deemed
incorporated by reference herein) contains “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements are those involving future events and
future results that are based on current expectations, estimates,
forecasts, and projections as well as the current beliefs and
assumptions of the Company’s management. Words such as “outlook”,
“guidance”, “believes”, “expects”, “appears”, “may”, “will”, “should”,
“anticipates”, or the negative thereof or comparable terminology, are
intended to identify such forward looking statements. Any statement that
is not a historical fact, including the statements made under the
caption “Outlook for 2013” and any other estimates, projections, future
trends and the outcome of events that have not yet occurred, is a
forward-looking statement. Forward-looking statements are only
predictions and are subject to risks, uncertainties and assumptions that
are difficult to predict. Therefore actual results may differ materially
and adversely from those expressed in any forward-looking statements.
Factors that might cause or contribute to such differences include, but
are not limited to factors discussed under the section entitled “Risk
Factors” in the Company’s reports filed with the SEC. Many of such
factors relate to events and circumstances that are beyond the Company’s
control. You should not place undue reliance on forward-looking
statements. The Company does not assume any obligation to update the
information contained in this press release.

Non-GAAP Financial Measures

The Company provides certain supplemental non-GAAP financial measures to
its investors as a complement to the most comparable GAAP measures. The
GAAP measure most directly comparable to non-GAAP adjusted operating
profit is net income/loss. An explanation and reconciliation of this
non-GAAP financial measure to GAAP information is set forth below.

The Company believes that providing these non-GAAP measures to its
investors, in addition to corresponding GAAP income statement measures,
provides investors the benefit of viewing the Company's performance
using the same financial metrics that the management team uses in making
many key decisions and understanding how the Company's core business
operations may perform and may look in the future. The Company’s core
business operations comprise Company-owned and franchise-operated stores
and consumer packaged goods (CPG) operations. The Company believes its
core business performance represents the Company's on-going performance
in the ordinary course of its operations. Management excludes from the
Company’s core business performance those items, such as impairment
charges, income taxes, restructuring and severance programs and costs
relating to specific major projects which are non-routine, expenses or
income from certain legal actions, settlements and related costs,
general and administrative expense, including non-cash compensation
related to stock and options. Management does not believe these items,
including non-cash items, are reflective of the Company's ongoing core
operations and accordingly excludes those items from non-GAAP adjusted
operating profit and non-GAAP adjusted operating profit margin.
Additionally, each non-GAAP measure has historically been presented by
the Company as a complement to its most comparable GAAP measure, and the
Company believes that the continuation of this practice increases the
consistency and comparability of the Company's earnings releases. The
non-GAAP adjustments are discussed further below.

Non-GAAP financial measures are not in accordance with, or an
alternative for, generally accepted accounting principles in the United
States of America. Non-GAAP measures should not be considered in
isolation from or as a substitute for financial information presented in
accordance with generally accepted accounting principles, and may be
different from non-GAAP measures used by other companies.

Footnotes

(1)

Comparable store sales are calculated using sales of Jamba Juice
stores open at least one full fiscal year. Company-owned comparable
store sales percentages are based on sales from Company-owned stores
included in our store base. Franchise-operated comparable store
sales percentages are based on sales from franchised stores, as
reported by franchisees, which are included in our store base.
System-wide sales percentages are based on sales by both
Company-owned and franchise-operated stores, as reported by our
franchisees, which are included in our store base. Company-owned
stores that were sold in refranchising transactions are included in
the stores base for each accounting period of the fiscal quarter to
the extent the sale is consummated at least three days prior to the
end of such accounting period, but only for the days such stores
have been Company-owned. Thereafter, such stores are excluded from
the store base until such stores have been franchise-operated for at
least one full fiscal period, at which point such stores are
included in the store base and compared to sales in the comparable
period of the prior year. Comparable store sales exclude closed
locations. Company-owned comparable store sales percentages as used
herein, may not be equivalent to Company-owned comparable store
sales as defined or used by other companies. Franchise-operated
comparable store sales percentages and system-wide sales percentages
as used herein are non-GAAP financial measures and should not be
considered in isolation or as substitute for other measures of
performance prepared in accordance with generally accepted
accounting principles in the United States. Management reviews the
increase or decrease in Company-owned comparable store sales,
franchise-operated comparable store sales and system-wide sales
compared with the same period in the prior year to assess business
trends and make certain business decisions. The Company believes the
data is useful in assessing the overall performance of the Jamba
brand and, ultimately, the performance of the Company, the
Company-owned stores, and the franchise-operated stores.

(2)

Non-GAAP adjusted operating profit is calculated as net income
(loss) as determined in accordance with GAAP, excluding the items
described below and as specifically identified in the non-GAAP
reconciliation schedules set forth below. Non-GAAP adjusted
operating profit margin is calculated as non-GAAP adjusted operating
profit as a percentage of GAAP total revenue. The Company evaluates
its performance using non-GAAP adjusted operating profit margin to
assess the Company's historical and prospective operating financial
performance, as well as its core operating performance relative to
its competitors. Specifically, management uses these non-GAAP
measures to further understand the Company's core business operating
performance. The Company believes its core business operating
performance represents the Company's on-going performance in the
ordinary course of its core operations. Accordingly, the Company
excludes from its core operating performance those items whose
impact are not reflective of its core operations such as (a)
interest income, (b) interest expense, (c) income taxes, (d)
depreciation and amortization, (e) impairment of long-lived assets,
(f) other operating, net, and (g) general and administrative
expenses. The definition of adjusted operating profit margin is the
same definition previously used by the Company to define operating
profit margin in its 2012 guidance.

(3)

Non-GAAP adjusted G&A expense is calculated as G&A, as determined in
accordance with GAAP, excluding the items described below and as
specifically identified in the non-GAAP reconciliation schedules set
forth below. The Company believes that G&A expense adjusted for
non-routine items and performance compensation is a helpful
indicator of the Company’s operating performance in that it shows
the G&A expense without the impact of the non-routine items and
performance compensation, the costs incurred for accelerated growth
initiatives, charges for share-based compensation, the semi-annual
performance-based compensation for achieving its strategic
objectives, as well as the impact of one less week in the 52-week
period ended January 1, 2013 and one additional week in the 53 week
period ended January 3, 2012. Management does not believe these
items are reflective of the Company’s ongoing performance and
accordingly excludes those items from non-GAAP adjusted G&A expense.